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Below is quote on Morning market 18 May  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Stock market has an uncanny ability to surprise, and this was evident in the sharp 417 point pullback in Nifty yesterday. Sharp relief rallies triggered by short covering happen even in bear markets. It remains to be seen whether the rally has enough steam to sustain, particularly when the latest WPI inflation print has come at a disturbing 15.08 %. RBI can be expected to turn more hawkish in the coming policy  meets.

The Fed chief Powel's recent  statement that "Fed will not hesitate to raise rates till inflation is tamed" indicates that, globally, economies and markets will have to gear for a higher interest rate regime, going forward.
Investors can give priority to segments which will not be impacted much by rising inflation and stocks of companies with pricing power to pass on increased costs to consumers. High quality IT and telecom stocks are better placed to weather the storm"

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